共查询到20条相似文献,搜索用时 15 毫秒
1.
Yee-Ching Lilian Chan 《Public Budgeting & Finance》2004,24(2):40-58
Capital budgeting techniques are useful tools to municipal administrators in managing organizational resources. A survey of capital budgeting practices of Canadian municipal governments reveals that a minority used capital budgeting techniques; payback period dominates over discounted cash flow analysis in evaluating capital investments; and pitfalls are common in its application. More specifically, there is an emphasis of quantitative/financial items over qualitative/intangible factors. In this study, the analytic hierarchy process, a multi-attribute decision model that accounts for both tangibles and intangibles, is presented as a tool for capital budgeting decisions such that resource allocation becomes more effective in municipal governments. 相似文献
2.
John P. Forrester 《Public Budgeting & Finance》1991,11(2):47-61
The "black hole" of budget theory still is, after 50 years, budget preparation—much effort goes in but little seems to come out. This article examines municipal forecasting as a means of reforming this first stage of the budgetary process. Drawing on evidence from a cross-sectional study, we find that forecasting is likely to be within the cognitive limits of most municipal budget directors Moreover, budgetary forecasting can be structured to reflect previous and current political concerns. 相似文献
3.
4.
5.
Osbin L. Ervin 《Public Budgeting & Finance》1988,8(4):45-53
Conceptual and operational differences between the municipal fiscal processes of appropriating and budgeting are examined. Examination is within the framework of Illinois practice, in which some cities prepare an operating budget while others prepare only an appropriation ordinance. The author finds that there are indeed conceptual and operational differences; budgeting is conceptually a more formal and multi-dimensional process than appropriating, and such differences are reflected in the practices of Illinois cities. However, the operational differences are generally of small magnitude. The author recommends that initiation of a budget system be accompanied by programs for infusing fiscal decision making with new concepts and skills. 相似文献
6.
7.
Dwight V. Denison 《Public Budgeting & Finance》2003,23(1):96-114
Research demonstrates that there are interest cost savings associated with municipal bond insurance, and yet only half of the bonds are issued with insurance. The theoretical determinants of bond insurance are discussed and evaluated empirically through logistic regression. Statistically significant bond attributes are the underlying credit risk, maturity, par value, and a call option. In addition, regional market characteristics at the time of issue and market segmentations are determinants of bond insurance. These findings strengthen the hypotheses that insurance mitigates market segmentation and that insurers function as delegated monitors of bond quality. 相似文献
8.
During the 1970s, Cleveland's capital improvement plan (CIP) was scorned as a bad joke, and the city's roads, bridges, and public buildings fell into disrepair. The city's default on its fiscal obligation in 1978 seemed to cap the city's infrastructure problem; there was no comprehensive strategy for capital spending and in a bankrupt city, no money to spend in any event. Yet, during the 1980s, with support from the administration, the business community, and the innovations of a small group of dedicated urban planners, the CIP was restructured and hundreds of millions were systematically invested in public infrastructure. By the 1990s, most of the innovative changes of the 1980s seemed to be institutionalized, but there were ominous clouds on the horizon. 相似文献
9.
Beverly S. Bunch 《Public Budgeting & Finance》1996,16(2):7-25
Budgeting and accounting professionals, as well as other interested parties, are currently examining ways to improve governmental capital budgeting and reporting. Although progress has been made, major policy issues are still being analyzed and debated. This article provides an overview of current practices and the major policy issues that are being addressed. The discussion incorporates related ideas and observations made by Jesse Burkhead four decades ago. The author concludes that many of Burkhead's insights in the area of capital budgeting and reporting are still relevant and useful today. 相似文献
10.
Capital Budgeting and Management Practices: Smoothing Out Rough Spots in Government Outlays
下载免费PDF全文

Arwiphawee Srithongrung 《Public Budgeting & Finance》2018,38(1):47-71
Public capital budgeting and management literature recommends long‐term capital and fiscal planning practices to prevent large fluctuations in outlays caused by fiscal stresses. This study extends the literature by examining the effects of long‐term capital planning and management practices such as the use of a capital budget, separate impact analyses, and the use of bond financing and dedicated revenue sources on capital spending volatility. The empirical results confirm that several of these practices smooth out state government capital outlays that vary because of socio‐economic and financial factors. 相似文献
11.
Irene S. Rubin 《Public Budgeting & Finance》1991,11(3):5-14
Target base budgeting sets limits on how much a department may request in its budget. Departments must submit two budget requests—one within the target base and another for additional funds. Some supplemental requests may be funded from a reserve pool. Target base budgeting has been used in parts of the federal government over the last forty years. Its use continues to slowly expand. This article examines the experiences in three cities: Rochester, Tampa, and Phoenix. 相似文献
12.
13.
14.
Michael A. Pagano 《Public Budgeting & Finance》2002,22(2):1-20
This article analyzes municipal governments, capital spending, and revenue-raising decisions between 1993 and 2000, an era of unprecedented economic growth. It finds that, as anticipated, greater-than-expected revenues allowed many cities to advance projects from their capital improvement plans to their capital budgets. Moreover, the article concludes that growth in cities' own-source-revenue-generating capacity and transfers from carryover or ending balances from earlier years, rather than debt issuances and intergovernmental aid, seem to be the most important fuel for the remarkable growth rate in capital spending. 相似文献
15.
16.
Natalie R. Cohen 《Public Budgeting & Finance》1989,9(4):55-65
The incidence of municipal default is closely related to the business cycles in this country. During national depressions nearly all sectors and regions experience defaults, although not with equal severity. Regional borrowing behavior during the boom years preceding depression determines which regions will be most severely affected by national depression. The history of state and local borrowing is briefly surveyed with attention to four major periods of economic expansion and the national depressions that followed. Regional development cycles are then reviewed with a focus on several cases: special district defaults both at the turn of the century and today; Detroit at the beginning of the automobile industry; and Florida in the 1920s. New York City and Cleveland are analyzed in the context of urban crises. Revenue bond defaults, including toll roads and the Washington Public Power and Supply System (WPPSS) are analyzed for special recurring patterns. 相似文献
17.
Valerie Imber 《Public Budgeting & Finance》1991,11(3):87-96
Beginning in October 1988, a budgeteer-exchange program has existed between Her Majesty's Treasury in the United Kingdom and the Office of Management and Budget in the United States. Cultural and constitutional differences make the jobs of the budgeteers in each country analogous but not equal. Differences that exist include organizational structure, work content, and information presentation to legislative bodies. 相似文献
18.
What is the impact of capital spending for buildings, equipment, and other facilities on future operating expenditures of municipal governments? Because capital spending decisions are made independent of operating decisions in many larger municipalities, managers make long-term capital commitments without fully understanding the repercussions for operations. This implies the need for research that examines more closely the linkages between these budget cycles. This article develops a theory of the relationship between capital and operating expenditures, then uses data from the fortyeight largest U.S. cities to estimate both the magnitude of capital's impact and the time it takes for operating budgets to adjust. The study finds that five of six commonly provided municipal services were affected to varying degrees by past years' capital expenditures. Especially notable is the finding that the operating budgets of labor-intensive services, such as police and fire protection, are most sensitive to capital spending. For public managers, the findings point to the need for closer coordination between the capital and operating budget cycles, especially in those cases where capital outlays have clear, unambiguous positive implications for future operations. 相似文献
19.
20.
Based on a national survey of police chiefs with a follow-up focus group, this article discusses budgetary strategies that police departments used to be successful in budgeting. The strategies include: using crime and workload data judiciously; capitalizing on sensational crime incidents; effectively getting the message out; carefully mobilizing interest groups; strategic planning; playing the federal grants game; working closely with the chief executive and elected officials; and involving all departmental staff levels in budgeting. 相似文献